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Key takeaways. Most states require drivers to carry liability coverage, including bodily injury liability and property damage liability. Collision and comprehensive coverage are optional, but if ...
Property damage liability is a part of most states’ insurance requirements. It is designed to cover the damage you cause during a collision or accident to someone else’s property.
$25,000 in property damage (PD) liability. The last number means that your policy helps pay up to $25,000 for property damage per accident to cover costs to repair or replace other vehicles or ...
Property damage (sometimes called damage to property), is the damage or destruction of real or tangible personal property, caused by negligence, willful destruction, or an act of nature. Destruction of property (sometimes called property destruction , or criminal damage in England and Wales ) is a sub-type of property damage that involves ...
General Liability Insurance is the kind of coverage that provides an individual with protection against variety of claims which may include bodily injuries, physical damage to car, property damage etc arising from business operations.
To warrant the award, the claimant must show that a breach of duty has caused foreseeable loss. To be recognized at law, the loss must involve damage to property, or mental or physical injury; pure economic loss is rarely recognized for the award of damages. [2]
Property damage liability: Rates were calculated by evaluating our base profile with the following limits applied: state minimum, $50,000 and $100,000.
$50,000 property damage liability per accident. $100,000 uninsured motorist bodily injury per person. $300,000 uninsured motorist bodily injury per accident. $500 collision deductible.
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